The following articles by Joan Steinman were recently posted: the first, Shining a Light in a Dim Corner: Standing to Appeal and the Right to Defend a Judgment in the Federal Courts, was published in a 2004 volume of the Georgia Law review. Read the full article here.
The second, After Steel Co.: 'Hypothetical Jurisdiction' in the Federal Appellate Courts, was published in a 2001 volume of the Washington & Lee Law Review. Read it here.
Professor William Birdthistle's most recent article, Breaking Bucks in Money Market Funds, has been published in a 2010 volume of the Wisconsin Law Review. Here's the abstract:
This Article argues that the Securities and Exchange Commission’s first and most significant response to the economic crisis increases rather than decreases the likelihood of future failures in money market funds and the broader capital markets. In newly promulgated regulations addressing the "breaking of the buck" in the $3 trillion money market – a debacle at the fulcrum of the 2008 financial meltdown – the SEC endorses practices that obfuscate rather than illuminate the capital markets, including fixed pricing for money market funds, potentially riskier portfolio requirements, and the continued use of discredited ratings agencies. These policies, premised implicitly upon doubt in the ability of markets to process information effectively, obscure the true perils of money market funds. Rather than swaddling investment risks in misleading regulatory padding, the SEC should illuminate the possible menace of these funds. This Article offers transparent solutions to alleviate moral hazard and systemic risk in the broader market and to end the regulatory subsidy of these specific investments.
Read the full article here.
By Christopher Buccafusco
My students send me lots of delightfully entertaining links to legal news, and I thought it would be valuable to share some of them when they arrive. Our first legal link comes from Kyle Gillen, one of my torts students from last semester.
Proximate Cause on the Golf Course